The FCA launches consultation to help mortgage prisoners switch to a cheaper mortgage

The FCA introduced new rules in October 2019 to make it easier for mortgage prisoners to take out a more affordable mortgage with a new lender. However, there has been limited take up of the new rules by lenders (which are optional for them). The problem has been exacerbated by Covid-19, which has meant that lenders’ focus […]

The Victoria Derbyshire show returns to the issue of mortgage prisoners

After Damon Parker’s interview on the Victoria Derbyshire show in December last year to discuss the launch of the Mortgage Prisoner Litigation, Rachel Neale appeared on the show on 13 July to talk about the pressure of being a mortgage prisoner on key workers and to ask for the introduction of a cap on standard […]

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